Link Integrated Security Services Limited (04234708): administration
- Status
- Administration ended
- Administration began
- 2016-03-03
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2001-06-14
- Location
- Leeds
- Industry
- 33140 Repair of electrical equipment
Why it went into administration
- Sustained trading losses
- Loss-making contracts / project overruns
From the administrators' statement
The business commenced trading in 2004 operating in the security sector The Company designed, installed, maintained and monitored bespoke security systems for a range of commercial clients More recently the Company had entered in to larger contracts, working as a sub-contractor, for large construction companies
The Company employed 27 staff The Company provided integrated secunty systems with a specialism into the bettng/gaming industry The managing director advises that the secunty systems that the Company delivered to the market were unique as a result of one element of the installation, which was the proviston of third party hardware used to assist with remote security monitonng of premises The system was sourced from a third party supplier who chose only to distnbute through the Company due to their relationship with the managing director The supplier has confirmed to the Administrators that they are unwilling to provide monitoring services or the supply of goods to any third party that the managing director is not involved The third party supplier also provided the monitoring of the Company's installed alarm systems
Installations of bespoke secunty systems were provided with warranty and inttial 12 month maintenance agreements The security systems were also monitored by the aforementioned third party monitoring company The delivery of these services was driven by the managing director who had the relationships with the customers on this side of the business
Administrators' statement of proposals (2016-05-06) · Companies House register